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Monday, January 21, 2019
JAKARTA (TheInsiderStories) - China' GDP grew 6.6 percent in 2018, down 0.2 percentage point from 2017, in line with the IHS Markit forecast, said the research company today (01/21). The deceleration was across agricultural, industrial and services sectors. Fourth quarter GDP growth was 6.4 percent in annual basis (y/y), the lowest since...
JAKARTA (TheInsiderStories)- Indonesia' ride-hailing provider, GO-JEK announced it has acquired Philippines financial technology company Coins.ph. The deal is officially undisclosed, but some observer estimating the unicorn paid US$72 million for the acquisition. In the official statement, the compay said, its unit GO-PAY will work with Coin.ph in a non-cash payment...
JAKARTA (TheInsiderStories) - The Committee for Accelerating Priority Infrastructure Provision targeting 31 infrastructure projects under the National Strategic Projects (NSP) to be completed in the third quarter (3Q) of 2019, said the chairman last week. Wahyu Utomo explained, the 31 projects worth of Rp276.4 trillion (US$19.60 billion), consisted of the...
JAKARTA (TheInsiderStories) – Indonesia' energy producer PT Pertamina budgeted investment funds of US$2.73 billion in 2019 to develop several projects across the archipelago, said one official last week. The amount smaller than 2018 which amounted to $2.9 billion. Dharmawan Samsu, upstream director of Pertamina, said the funds will distributed to work on...
JAKARTA (TheInsiderStories) – Indonesia micro retail technology company Warung Pintar just announced that it had secured US$27.5 million in series B funding for various investors. The investors including Indonesia' financial technology provider OVO, SMDV, Vertex, Pavilion Capital, Line 1 of 6 Ventures, Digital Garage, Agaeti, Triputra, Jerry Ng, and EV Growth. Co-Founder...
JAKARTA (TheInsiderStories) — Good morning! Indonesia keeps maintaining its inflation rate in this early 2019. According to Bank Indonesia' (BI) third week price monitoring survey result, January 2019’s inflation is estimated to be at around 0.5 percent month-on-month. While, annual inflation is projected at 3 percent. The Bank said, low...
JAKARTA (TheInsiderStories) - Malaysian Grab Holdings Inc., ride-hailing operator in Southeast Asia, has collaborated with Hong Kong ZhongAn Technologies International Group Ltd. (HKEX stock code: 6060), to develop digital insurance marketplace in the Southeast Asia (SEA). Both companies will also partnering with global insurance to design variety of products specifically created for...
JAKARTA (TheInsiderStories) — Indonesian gold miner, PT J Resources Asia Pasifik Tbk (IDX: PSAB) will issue 2.64 billion new shares through private placement, said the spokesman Edi Permadi on Friday (01/18). The share issuance is equal to 9.09 percent of company’s capital. Company will hold extraordinary shareholders meeting on Feb....
JAKARTA (TheInsiderStories) - Industrial Bank of Korea (IBK) officially owned 95.79 percent of Indonesian lender PT Bank Agris Tbk (IDX:AGRS). Followed the compeletion, IBK intends to merge the bank with other publicly listed lender, PT Bank Mitraniaga Tbk (IDX: NAGA). On February, 2018, the Korean bank announced to obtain 4.59 million shares...
JAKARTA (TheInsiderStories) — The bamboo curtain country is on its path to relieve the economic slowdown. China’ central bank took action by distributing RMB1.14 trillion (US$169 billion) into several banks this week, and created a lower borrowing cost. The step was taken to provide funding shortage ahead of Chinese new...

Latest article

Australia Suggests Indonesia to Respect Counter Terrorism Efforts

JAKARTA (TheInsiderStories) – The Australian Government expressed a firm attitude towards the discourse of Abubakar Ba’asyir liberation by the Indonesian government. In his official...

Indonesia’s President Widodo Agrees the Liberation of Ba’asyir

JAKARTA (TheInsiderStories) – President Joko Widodo officially fulfilled the request for the liberation of national terrorism kingpin Abubakar Ba’asyir (81 years). He said, the...

Indonesia’s PLN Targets Six Power Plants Operates in 2019

JAKARTA (TheInsiderStories) – Indonesian power producer, PT Perusahaan Listrik Negara (PLN) targeting to operate six power plants in this year. The plants will have...

China’s GDP Growth Decelerated to 6.6% in 2018

JAKARTA (TheInsiderStories) - China' GDP grew 6.6 percent in 2018, down 0.2 percentage point from 2017, in line with the IHS Markit forecast, said the research...

Indonesia’s GO-JEK Acquires Philipines Coins for $72 Million

JAKARTA (TheInsiderStories)- Indonesia' ride-hailing provider, GO-JEK announced it has acquired Philippines financial technology company Coins.ph. The deal is officially undisclosed, but some observer estimating...

31 Infrastructure Projects in Indonesia will be Completed in 3Q of 2019

JAKARTA (TheInsiderStories) - The Committee for Accelerating Priority Infrastructure Provision targeting 31 infrastructure projects under the National Strategic Projects (NSP) to be completed in...